1982 Ford Mustang

5.0 GT
Elvis Presley's Stutz gets $297,000 in Las Vegas
Thursday, 10 November - Saturday, 12 November 2022
Sale Price
11 November 2022
Sold Date
Lot Number
Unrestored original
Mecum Auctions
Auction House
Chassis no. 1FABP16FXCF184442. Silver Metallic over black cloth. HO 302, 5-speed, alloy wheels, Michelin tires, air conditioning, factory radio delete, books, window sticker, Marti Report.

Evaluation: Showing 20826 miles that are represented as actual, and represented as a one-owner car. The bumpers are faded and there are chips on the hood and nose, but the paint looks great for the age. The interior and underbody look great, too. It isn’t a like-new time capsule, but it’s rare to see one of the earlier Fox-body Mustangs pampered like this. Usually the crazy-clean ones seen on today’s collector car market are the post-facelift 1987-93 cars.

Bottom Line: Ford sold over 130,000 Mustangs for 1982 alone, but this is a special car. At least as special as a regular old ’82 Mustang can be, anyway. It’s gotten care from one owner its whole life and has actually been driven enough to reassure that everything works. There are Ferraris that don’t get treated so well.

Delivery-mile Fox-bodies destined for garage display sell for more than this, but $27,500 is still a healthy premium all things considered, and the new owner snagged an absolutely mint Mustang without going overboard. The seller, meanwhile, can take satisfaction in that the car sold for almost exactly what he paid for it 40 years ago, adjusted for inflation.

by Andrew Newton
19 November 2022


  • Espo70 says:

    1982 GT, the car started it all…again. Also, it’s one of the best looking fox bodies. A little pricey for not being perfect, but that’s just a sign of the inflated times. I think this would have been better bought in the low 20s. I had an 84 GT, that was improved, but similar to this and loads of fun. These early carb GTs are great cars and I’m glad they’re finally being appreciated.

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